Word: kaplan
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Last week with Hearn's once more thronged with customers, Messrs. Levin and Kaplan began their third year in control by announcing a unique merchandising policy. Starting about Sept. 1 Hearn's will operate for one year without profit. Owner-Manager Levin, who holds all the stock, will take no salary, no dividends. Net income, if any, will be turned back into lower prices. "We are able to do this," said Mr. Levin, "because, fortunately, we have no stockholders, bondholders or bankers in this business. . . . There isn't a soul to drain off dividends. . . . We believe our plan will help...
...Saturday with Junius Morgan. But in 1932 Hearn's, crippled by Depression, long eclipsed in fashion by younger stores, was turned over to a board of trustees. They were glad of a chance to sell the store lock, stock & barrel to two Jews named Maurice Levin and Jacob M. Kaplan, who promptly set about putting it on its feet...
...Maurice Levin was selling newspapers with his brothers. From their mother they had inherited a run-down little grocery store with $500 in debts. Creditors offered to waive their claims, but the boys insisted on paying, and within four years they did. Meanwhile a step-brother named Kaplan, onetime draftsman for Western Electric Co., had gone down to Santo Domingo where he started a company to export raw molasses to the U. S. to make industrial alcohol. He lost his first barge in a storm, but by 1919 he was handling nearly 100,000,000 gal. of molasses. That year...
...Branch, New Jersey; Edward Augustus Ackerman, Spokane, Washington; Daniel Joseph Boorstin, Tulsa, Oklahoma; Donald David Cody, Hartford, Connecticut; Robert Calhoun Creel, Cambridge; Oscar Hirsh Davis, Mount Vernon, New York; Edward Settle Godfrey, 3rd, Albany, New York; Richard Murphey Goodwin, Newcastle, Indiana; Gove Griffith Johnson, Jr., Washington, D. C.; Robert Kaplan, Cambridge; Paul Lachlan MacKendrick, Roslindale; John Arthur Martin, Bangor, Maine; John Barzillai Rackliffe, Newton; John Thomas Sapieuze, Irvington, New Jersey; John William Walsh, Jr., Quincy...
...Foley of Somerville, Mass.; Sydney S. Gellis of Clarmont, N. H.; Alan Ginsburg of New Rochelle, N. Y.; Richard M. Goodwin of Newcastle, Ind.; George Gore of Rapid City, S. Dak.; John N. M. Howells of Kittery Point, Me.; Gove G. Johnson, Jr., of Washington, D. C.; Robert Kaplan of Roxbury, Mass.; William H. Kerr of Cambridge Mass. Howard M. Lawn of Long Branch, N. J. Carl H. Levy of Cincinnati, Ohio; Tom Lilley of Bluefield, W. V., Alfred B. Lord of Alliston, Mass.; Harold E. Magnuson of Arlington, Mass.; Kilfred Malenbaum of Dorchester, Mass.; John A. Martin of Banger...